Aging Options

LIMITED TIME OFFER: First Academy Lesson is Free

A Reverse Mortgage to Increase After-Tax Wealth

Save as PDF

Kiel Banner

By Emily Study

A recent column published by the Wall Street Journal states that using proceeds from a reverse mortgage could help retirees strategically maximize the after-tax value of their wealth.

In his column, Wade Pfau — a professor of retirement income at The American College in Bryn Mawr, Penn. — suggests that reverse mortgage proceeds can boost spending without increasing taxable income.

Comparing reverse mortgage proceeds to those from a Roth IRA, Pfau writes, “Roth distributions can be useful to fill in income needs without entering into a higher tax bracket. Roth distributions do not count as part of taxable income, and they do not count on the income used to determine the taxability of Social Security benefits.”

Though fairly new to the industry, Pfau has championed reverse mortgages in previous articles, noting that financially responsible individuals can improve their retirement sustainability with the loan.

For a copy of this article and more information regarding reverse mortgages call Laura Kiel, at Kiel Mortgage today!

Mortgage Broker’s Services, Inc – DBA: Kiel Mortgage –CL-53969
604 Oakesdale Ave SW Suite B-103 -Renton, WA. 98057
Laura Kiel – Reverse Mortgage Specialist – MLO- 54755
Direct: 253-893-7111- Toll Free: 1-88-778-KIEL

Need assistance planning for your successful retirement? Give us a call! 1.877.762.4464

Learn how 70% of retirement plan fails and find out how you can avoid this

Find out more about LifePlanning

Your Cart is empty!

It looks like you haven't added any items to your cart yet.

Browse Products
Powered by Caddy
Skip to content